AI Financial, a company affiliated with the Trump family, has reached an acquisition agreement with crypto infrastructure company Block Street.

CoinFeed reported on April 30th that, according to Fortune, AI Financial, a publicly traded crypto company with ties to the Trump family, has reached an acquisition agreement with Block Street, a startup controlled by current advisor Matthew Morgan, for up to $43 million. Documents show that Block Street was incorporated in Nevada last October and has not yet generated revenue. Morgan previously served briefly as AI Financial's chief investment officer in World Liberty Financial, a project in collaboration with the Trump family, before becoming an unpaid advisor. This acquisition aims to expand into the tokenization and ICO business.